Golden Peak Closes First Tranche of Private Placement

GOLDEN PEAK MINERALS INC.

SUITE 200 – 551 HOWE STREET VANCOUVER, BRITISH COLUMBIA, V6C 2C2

Telephone: (604) 683-8610 Facsimile: (604) 683-8605

NEWS RELEASE

GOLDEN PEAK CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT September 15, 2014

GOLDEN PEAK MINERALS INC. (the “Company”) (TSX-V: “GP”) is pleased to announce the completion of the first tranche of the non-brokered private placement previously announced by news release dated July 30, 2014. A total of $185,400 was raised through the sale of 1,235,998 units (the “Units”) at a price of $0.15 per Unit.

Each Unit consists of one common share and one non-transferable common share purchase warrant (the “Warrants”). Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.20 until September 12, 2016.

The shares issued as part of this private placement together with any resulting shares issued upon the exercise of any Warrants will be subject to a hold period expiring on January 13, 2015.

The Company intends to use the net proceeds raised from the sale of the Units for general working capital purposes.

About the Company

The Company is engaged in mineral exploration in British Columbia with the objective to locate and develop economic precious and base metals properties of merit.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ “Robert Coltura”

Robert Coltura, President and Chief Executive Officer

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.